This is EURUSD 4h. This is a great opportunity for getting long in this trade as evidence by the price action in side the PRZ, the whole PRZ is tested but not breach meaning that the previews level on the left, as Jason Stapleton always says "Look Left structure leaves clues" and akil also says that. The level is holding. RSI is climbing so we should be climbing...
The Yen has been building in strength through the summer. Here price has entered in to a small range(within a larger downtrend), with price being rejected at the .618 fib retracement and the resistance line, which created a confluence of resistance. Recent candle wicks show rejection at the 101.800 level, so I suspect this retracement may becoming to an end. ...
I believe we will see a break of resistance at the 1.8239 area with a target of 1.83486. This is backed up by the fact that the channel we are currently in is bullish and has been for some time, the entry was determined by confluence of the 618 fib retracement level and the long standing support/resistance we have at 1.81784 which was recently rejected 3 times....
Not a lot of volume the past few days leaves Bitcoin in a CONGESTION phase until June 27 to June 30 just fluctuating without any clear direction. TA cannot be very helpful in such a immature market but a forecast can still be done. The congestion range is mainly between 582 to 621. My opinion is: (1) technically the chances of seeing 550 is unfortunately...